Canada Economics Weekly Canada Economics: Inflation rises ahead of growing tariff threats The January CPI release highlighted the upside risks to the inflation outlook but, with US tariff threats continuing to pile up, there is still good reason for the Bank of Canada to continue its... 21st February 2025 · 5 mins read
Canada Economics Weekly Canada Weekly: Tariff threats mount on multiple fronts Even if the 25% tariff on all goods scheduled for March 4th is postponed again, Canada is still set to face the same tariff on steel and aluminum exports to the US just weeks later. Added to that... 14th February 2025 · 6 mins read
Canada Economics Weekly Canada Weekly: Trump aggression sparks long-term re-think The aggression shown towards Canada by President Donald Trump this week has raised big questions around the country's future in three key areas: trade, investment and defence. While some of the plans... 7th February 2025 · 5 mins read
Canada Economics Weekly Canada Weekly: Tariff threat puts policymakers in a bind Despite the best efforts of the Canadian government to convince US officials that the border is secure, President Trump reiterated on Thursday that his administration will impose a 25% tariff on... 31st January 2025 · 6 mins read
Canada Economics Weekly Canada Weekly: Tariff uncertainty casts clouds over recent upturn Donald Trump's first week back in office brought renewed threats of a 25% tariff on imports from Canada, with a potential imposition date of February 1st also thrown in. Such uncertainty will dog... 24th January 2025 · 5 mins read
Canada Economics Weekly Canada Weekly: The disunited provinces of Canada The federal government is planning to fight US tariffs with tariffs, but reports this week suggest that those would cover a far smaller value of goods than the US is likely to hit. The government has... 17th January 2025 · 7 mins read
Canada Economics Weekly Trudeau and Trump share their truths The power vacuum created by Prime Minister Justin Trudeau’s resignation comes at a bad time, with President-elect Donald Trump ratcheting up his threats against Canada, raising the risk that the next... 10th January 2025 · 5 mins read
Canada Economics Weekly Trudeau Jr.’s turn for a “walk in the snow” Forty years on from his father famously resigning as Prime Minister following a solo walk through an Ottawa snowstorm, reports suggest Justin Trudeau is mulling the same decision after a tumultuous... 20th December 2024 · 6 mins read
Canada Economics Weekly Attention to shift from monetary to fiscal policy Following another large 50bp cut this week, the Bank of Canada confirmed that it will take a more gradual approach in 2025, in part due to the extra fiscal stimulus set to be confirmed by the... 13th December 2024 · 5 mins read
Canada Economics Weekly Is this a ‘vibecovery’? Recent Bank of Canada communications have been keenly attuned to the downside risks to inflation and economic activity, concerns which seemed justified after last week’s disappointing GDP report... 6th December 2024 · 4 mins read
Canada Economics Weekly Trump’s tariff threat highlights challenges ahead US President-elect Donald Trump's pledge this week to levy a 25% tariff on all products imported from Canada is clearly more of a bargaining tool than a genuine threat. But it does raise the risk that... 29th November 2024 · 6 mins read
Canada Economics Weekly Bank likely to revert to 25bp cuts The recent stronger price and activity data, along with the announcement this week of a sales-tax break over the festive period and stimulus cheques to come next year, means we now think the Bank of... 22nd November 2024 · 5 mins read
Canada Economics Weekly Bank of Canada yet to shake off inflation risks The US election outcome means that Canada and the US will not be trading friendship bracelets anytime soon and leaves the risks to inflation more finely balanced, but we still think that growth... 15th November 2024 · 6 mins read
Canada Economics Weekly Trump win creates headache for Bank of Canada This week's labour market data and Summary of Deliberations from the Bank of Canada's October policy meeting were both overshadowed by Trump's win in the US election given its potential impact on the... 8th November 2024 · 5 mins read
Canada Economics Weekly Soft data strengthens case for another 50bp cut While there were some positives to take from this week’s GDP data release, it still points to an economy stuck in a period of below potential growth. This reinforces our view that the Bank of Canada... 1st November 2024 · 6 mins read
Canada Economics Weekly New immigration targets a headache for the Bank Alongside its decision to cut interest rates by a larger 50bp this week, the Bank of Canada outlined a set of positive economic forecasts, partly because it expects residential investment growth to... 25th October 2024 · 6 mins read
